Definition: Multilateral comparison

Purchasing power parities

A price or volume comparison of more than two countries simultaneously that is made with price and expenditure data from all countries covered and which produces consistent relations among all pairs of participating countries - that is, one that satisfies the transitivity requirement among other requirements (2012 Methodological manual on purchasing power parities).

A price or volume comparison of more than two countries simultaneously that produces consistent relations among all pairs of countries - that is, one that satisfies the transitivity requirement (2005 Methodological manual on purchasing power parities).
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
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